Groupon rockets up 25% after crushing expectations

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Rich Williams groupon

Groupon

Groupon CEO Rich Williams

Shares of Groupon, the local-deals shopping site, are up as high as 25% to around $4.73 in after-hours trading after reporting a quarter that blew away analyst estimates.

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Here are the important figures, per Groupon's earnings release:

  • Net loss of $51.7 million, or $0.01 per share versus loss of $0.02 per share expected
  • Revenues of $756 million versus revenues of $711 million expected

Groupon also says in that release that it added one million new customers in the last quarter, more than any quarter in the last two years.

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